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The total cost if Wacky Widget Company makes 230 widgets is $31,600.
What is the total cost?
The total cost is the sum of the rent (fixed cost) and the variable costs. The variable costs includes the cost of materials and labor.
Total cost = rent + (cost of labor and materials x number of widgets)
$4000 + [(77 + 43) x 230]
$4000 + (120 x 230)
$4000 + $27,600
= $31,600
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The total cost if Wacky Widget Company makes 230 widgets is $31,600 if each widget requires $77 worth of materials and $43 worth of labor.
What is a linear equation?
It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.
If in the linear equation, one variable is present, then the equation is known as the linear equation in one variable.
We have:
The Wakey Widget Company is planning to produce widgets. The company has rented space for its manufacturing operation at $4,000 per month.
Let's suppose the total cost is $x
We can frame a linear equation in one variable:
x = 4000 + 77x230 + 43x230
x = 4000 + 17710 + 9890
x = $31,600
Thus, the total cost if Wacky Widget Company makes 230 widgets is $31,600 if each widget requires $77 worth of materials and $43 worth of labor.
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